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Saturday, 11/28/2020 7:10:57 AM

Saturday, November 28, 2020 7:10:57 AM

Post# of 122436
Latin America and Asia Expansion;
Tesoro entered into a JV with Bexs Bank in Brazil. Headquartered in São Paulo, Brazil, Bexs is specialized in integrating local payments processing and FX transactions for global businesses and processing an estimated $7.6 Billion per year in international transactions. The partnership will utilize the full technology stack of HUMBL products including the HUMBL® and HUMBL Hubs® applications, to deliver faster, less expensive payment and financial services gateways between the USA and Latin America. Tesoro has expanded into Asia after Singapore-based Cyberbeat, a leading digital payments and financial technologies company led by veteran digital payment industry executives of the Asia Pacific region made a strategic investment into HUMBL, LLC. The cash investment is consummate with a new partnership in which Cyberbeat gains the non-exclusive rights to sell, distribute and deploy HUMBL and HUMBL Hubs technologies into key verticals in the Asia Pacific in calendar year 2021 and beyond.
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